Top 500 companies’ profits grew 30% post Covid, but no investments: CEA

India Inc accumulating profits, not investing in real assets According to the CEA, companies and second or third generation entrepreneurs “chose to accumulate those cash profits and probably set up family offices elsewhere rather than investing in real assets on the ground”. This, he said, is something that warrants reflection from the private sector because even the regulatory environment has been improving at the margin at the state and Central level. The CEA said, “Corporates and the second or third generation entrepreneurs chose to accumulate those cash profits and probably set up family offices elsewhere rather than investing in real…